Cyprus has decided to proceed with its first LNG import project and is preparing to tender contracts for an FSRU and LNG supplies.
DEFA, Cyprus’s public gas supply company, commissioned a study from Gaffney, Cline & Associates in December last year which concluded that an FSRU would be the best option to allow Cyprus to switch to gas-fired power instead of using oil. Cyprus wants to start producing gas-fired power by 2020 to keep in line with the EU’s emissions targets.
DEFA plans to...
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